MGW Real Estate Information

The Davenport Farm
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Price : $8,475 per acre Sold
County: Stephenson

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Contact Details -
Josh Waddell  (Agent)
Phone: 815-756-3606
Mobile:  815-751-0439
Email: Josh.Waddell@mgw.us.com

Property Details
Location: The subject farm is located approximately 85 miles northwest of Chicago O'Hare International Airport. Nearby towns include: Rock City (1 1/2 miles south), Durand (6 miles east), and Freeport (11 1/8 miles southwest).
Frontage: There is approximately 5/8 mile of road frontage on Rock City Road.
Major Highways: Illinois Route 75 is 1 5/8 miles south, Illinois Route 26 is 8 miles west, and U.S. Route 20 is 9 1/2 miles southwest of the property.
Legal Description: A brief legal description indicates The Davenport Farm is located in Part of the East Half of Section 8 and Part of Section 9, all in Township 28 North - Range 9 East (Rock Run Township), Stephenson County, Illinois.
Total Acres: There are a total of 221.82 acres, more or less, according to the Stephenson County Assessor's Office.
Tillable Acres: There are approximately 208.8 cropland acres, according to the Stephenson County FSA, of which 4.7 acres are currently enrolled in CRP with an annual contract payment of $967 through 9/30/2020.
Soil Types: Major soil types found on this farm include Ogle silt loam and Durand silt loam.
Topography: The topography of the subject farm is level to gently rolling.
Climate/Growing Season: Stephenson County has a continental climate typical of north-central Illinois. The average length of the growing season is nearly 160 days. On average, we expect about 2,750 growing degree days from April 15 through September 30. Annual precipitation averages about 35" with over 2/3 of this coming during the growing season. Snowfall averages about 36" per year. Prevailing winds are from the west and southwest. The climate, combined with the generally excellent soils in this area, provides a nearly ideal environment for the production of corn, wheat, and soybeans.
Mineral Rights: All mineral rights owned by the seller will be transferred in their entirety to the new owner.
Possession: Possession will be given at closing, subject to the terms and conditions set forth in a purchase contract.
Price and Terms: The asking price is $8,475 per acre. The owners are seeking a cash sale. A 10% earnest money deposit should accompany any offer to purchase.
Financing: Mortgage financing is available from several sources. Names and addresses will be provided upon request.
Taxes: The 2014 real estate taxes totaled $5,067.16. The tax parcel numbers are: #06-10-08-400-005, #06-10-09-300-001, and #06-10-09-400-001.
Grain Markets: There are a number of grain markets located within 15 miles of The Davenport Farm.
Zoning: The Davenport Farm is zoned A-1, Agricultural.
 
Soils Information
Soil # Soil Name Approx Acres Corn Yield Gross Bushel
412C2 Ogle silt loam 31.78 165 5244
416C2 Durand silt loam 28.99 157 4551
414B Myrtle silt loam 18.57 168 3120
412B Ogle silt loam 18.08 175 3164
8074A Radford silt loam 14.22 186 2645
259C2 Assumption silt loam 13.85 152 2105
675B Greenbush silt loam 13.1 182 2384
86C Osco silt loam 12.92 185 2390
506C2 Hitt silt loam 10.26 147 1508
86B Osco silt loam 9.51 189 1797
86A Osco silt loam 9.14 191 1746
8451A Lawson silt loam 7.49 190 1423
506B Hitt silt loam 7.23 156 1128
104A Virgil silt loam 4.48 182 815
414C Myrtle silt loam 2.35 165 388
206A Thorp silt loam 1.75 170 298
40C2 Dodgeville silt loam 1.27 127 161
227C2 Argyle silt loam 1.27 153 194
105B Batavia silt loam 1.2 175 210
675C2 Greenbush silt loam 1.13 171 193
419C2 Flagg silt loam 0.2 151 30
    Total: 208.79    

TOTAL ACRES - 221.8 acres, more or less
TILLABLE ACRES - 208.8 acres, or 94.1% per FSA figures
CORN YIELD - 170.0 bushels per acre, based on tillable acres
COMPARABLE YIELD INDEX - 160.0 bushels per acre, based on total acres

Disclaimer : Although the information contained in this brochure is considered to be accurate, no representation or warranty to that effect is being made. The information contained herein is subject to verification, and no liability for errors or omissions is assumed. The listing may be withdrawn with or without notice, and the stated price and terms are subject to change without notice or approval. The Seller further reserves the right to reject any and all offers. All inquiries, inspection appointments, and offers must be channeled through the Seller’s Designated Agent.